NEWS ROUNDUP — Orvana raises exploration funds
A Toronto-based mutual fund recently agreed to purchase a $450,000 unit offering from Orvana Minerals (TSE). The placement totals one million units priced at 45 cents per unit, with each unit comprise…
News
Mineral Outlook ’92
Scheduled for Nov. 18 at Ottawa’s Westin Hotel is the Mineral Outlook ’92 conference, sponsored by Energy, Mines and Resources Canada (EMR). The focus is on access to markets and to the lands, with sp…
INSIDER TRADING — Leliever doubles his money
The president of Horne Fault Mines (CDN), Gordon Leliever, recently took a healthy profit on his investment in the junior when he exercised 701,780 options at 10 cents then sold 1.03 million at 20 cen…
COMMENTARY — Split over new Ontario labor law
Changes to Ontario’s Labour Relations Act reflect the realities of the workplace and the economy, Labour Minister Bob Mackenzie said after the controversial legislation received final approval recentl…
KWG, SouthernEra update diamond strategies
Representatives of KWG Resources (ME) and SouthernEra Resources (TSE) outlined their companies’ different diamond exploration strategies at a recent meeting of the Toronto Society of Financial Analyst…
NEWS ROUNDUP — Beaufield acquires 117 claims
Toronto-based Beaufield Consolidated Resources (VSE) has acquired a 75% interest in three properties near the Freewest Resources (ME) gold discovery in Benoit Twp., Que. Beaufield acquired the three c…
BOOKS IN REVIEW — All about silver
The International Silver Trade, by Tom Mohide. Published by Woodhead Publishing Ltd. Available at the Silver Institute, 1112 16th St. NW, Suite 240, Washington, D.C. 20036. 190 pages. US$135. Author T…
STOCK MARKETS — Metal prices in decline, Dia Met trades on
Gold stocks were unable to maintain their post-election rally during the week ended Nov. 10 as bullion slid to a 6-year low of US$330.25 per oz. in New York. Having recently touched a new 52-week high…
Saskatchewan’s NDP reverses uranium policy
The government of Saskatchewan has given the green light to uranium mining. That was the important news to have come out of the provincial New Democratic Party’s fractious convention staged recently a…
Drill rigs to test Kirkland pipes
While the logistics of diamond exploration in the Northwest Territories become more challenging with each passing day, some companies are mobilizing drill rigs to the relatively balmy climes of northe…
Healthy third quarter masks industry concerns
A combination of productivity gains and federal government initiatives to stimulate the Canadian economy has paid off for base metal miners, but analysts say the party will be short-lived. A survey of…
Processing of diamond samples can be costly
At the height of the field season in the Lac de Gras area, it was rumored that Monopros, the Canadian subsidiary of De Beers Consolidated Mines, was flying out a Twin Otter load of overburden samples …